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Topic:  Second verse same as the first, a little bit louder and a little bit worse

Topic:  Second verse same as the first, a little bit louder and a little bit worse
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Alan Swank
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  Message Not Read  Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 7:17:56 PM 
https://www.athensnews.com/news/campus/ohio-university-pr...
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Pete Chouteau
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 7:34:30 PM 
I have never felt as socially distant from the leadership at Ohio as I have under Nellis and the educational robber barons he's surrounded himself with. And I really wonder if the administrative class is laughing at all us rubes that are funding their lifestyle.
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 7:39:15 PM 
Do we really think this guy's performance doesn't warrant his pay? He brought in 49 million in a year. His retention bonus is worth 31k in that same year.

What's the problem here, exactly? That feels like a bargain. Do you all just hate compensation in general? Or is it just compensation approved by Nellis?

Last Edited: 10/20/2020 7:39:45 PM by Bobcat Love's Sense of Shame

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Alan Swank
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 8:13:24 PM 
Bobcat Love's Sense of Shame wrote:
Do we really think this guy's performance doesn't warrant his pay? He brought in 49 million in a year. His retention bonus is worth 31k in that same year.

What's the problem here, exactly? That feels like a bargain. Do you all just hate compensation in general? Or is it just compensation approved by Nellis?


$22 million of that fell into their lap and would have come regardless of who the CFO was just like the first $41 million did.


Last Edited: 10/20/2020 8:19:18 PM by Alan Swank

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BillyTheCat
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 8:13:56 PM 
Bobcat Love's Sense of Shame wrote:
Do we really think this guy's performance doesn't warrant his pay? He brought in 49 million in a year. His retention bonus is worth 31k in that same year.

What's the problem here, exactly? That feels like a bargain. Do you all just hate compensation in general? Or is it just compensation approved by Nellis?


At what point will you question the direction of the university when faced with the projected 200 million deficit and 30%+ decline in enrollement, both of which were happening before COVID. I mean, without such great leadership, the University may be closed by February.

Of interesting note in my mind is that these bonus babies all work for the Board as well.
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 9:59:15 PM 
BillyTheCat wrote:
Bobcat Love's Sense of Shame wrote:
Do we really think this guy's performance doesn't warrant his pay? He brought in 49 million in a year. His retention bonus is worth 31k in that same year.

What's the problem here, exactly? That feels like a bargain. Do you all just hate compensation in general? Or is it just compensation approved by Nellis?


At what point will you question the direction of the university when faced with the projected 200 million deficit and 30%+ decline in enrollement, both of which were happening before COVID. I mean, without such great leadership, the University may be closed by February.

Of interesting note in my mind is that these bonus babies all work for the Board as well.


I have plenty of concerns about the direction of the University. I just don't think a few retention bonuses are representative of those concerns in any substantial way.

Beyond that, organizations that pay well get to hire talented people. I want Ohio University to be able to hire talented people. So when I hear about well compensated people working at Ohio University, that doesn't strike me as a problem.
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/20/2020 10:02:20 PM 
Alan Swank wrote:
Bobcat Love's Sense of Shame wrote:
Do we really think this guy's performance doesn't warrant his pay? He brought in 49 million in a year. His retention bonus is worth 31k in that same year.

What's the problem here, exactly? That feels like a bargain. Do you all just hate compensation in general? Or is it just compensation approved by Nellis?


$22 million of that fell into their lap and would have come regardless of who the CFO was just like the first $41 million did.




In the last thread about retention bonuses, didn't we determine that OU alums donate far less than our peers do, and yet our endowment is larger? And isn't this the guy in charge of the endowment?

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Alan Swank
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 9:08:40 AM 
Quote:




Beyond that, organizations that pay well get to hire talented people. I want Ohio University to be able to hire talented people. So when I hear about well compensated people working at Ohio University, that doesn't strike me as a problem.


And how did that work out when we overpaid 3 of our last 5 basketball coaches? Oh, I remember, we were hiring talented people.

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shabamon
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 9:52:42 AM 
Alan Swank wrote:
Quote:




Beyond that, organizations that pay well get to hire talented people. I want Ohio University to be able to hire talented people. So when I hear about well compensated people working at Ohio University, that doesn't strike me as a problem.


And how did that work out when we overpaid 3 of our last 5 basketball coaches? Oh, I remember, we were hiring talented people.



How do you define overpaid?

Saul Phillips didn't uphold his end of the investment, so his contract was not renewed. Who else was overpaid and why?
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 10:20:33 AM 
It's not clear to me what your point is. Are you suggesting that Ohio University shouldn't try and pay for good people because sometimes they get it wrong?

Last Edited: 10/21/2020 10:20:55 AM by Bobcat Love's Sense of Shame

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BillyTheCat
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 12:19:50 PM 
Passing out six figure bonuses is kind of a tough sell when you are cutting back on faculty and staff that actually serves the clients.
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 12:41:38 PM 
BillyTheCat wrote:
Passing out six figure bonuses is kind of a tough sell when you are cutting back on faculty and staff that actually serves the clients.


Unless you believe that the people you're paying 'six figure' bonuses (the bonuses cover three year periods) are important to a) reducing the number of people you need to let go and/or b) are essential to generating the revenue you need to right the ship.

At least on the surface, Chief Financial Officer and the dude who runs the investment strategy of the endowment both obviously fit that criteria. I don't know either personally, or anything really about how they perform. But to me the notion that you shouldn't pay your core finance team well because there's a financial crisis is exactly backwards.
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Cleveburg Bri
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 7:31:08 PM 
"It's not clear to me what your point is. Are you suggesting that Ohio University shouldn't try and pay for good people because sometimes they get it wrong?"

The point is that Ohio pays more than is necessary for the performance they're getting. And he's very right about. Ohio has a lengthy history of throwing unnecessary money at coaches and administrators. Part of it has to do with attracting candidates to the middle of nowhere, but mostly it's just bad fiscal management. To sum up: The returns ain't proportional to the investments.
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Bobcat Love's Sense of Shame
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  Message Not Read  RE: Second verse same as the first, a little bit louder and a little bit worse
   Posted: 10/21/2020 8:36:53 PM 
Cleveburg Bri wrote:
"It's not clear to me what your point is. Are you suggesting that Ohio University shouldn't try and pay for good people because sometimes they get it wrong?"

The point is that Ohio pays more than is necessary for the performance they're getting. And he's very right about. Ohio has a lengthy history of throwing unnecessary money at coaches and administrators. Part of it has to do with attracting candidates to the middle of nowhere, but mostly it's just bad fiscal management. To sum up: The returns ain't proportional to the investments.


What's the evidence of this?
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